Please find below solution...
| You should place a STOP LOSS order to BUY 200 share at $ 59.5. | ||||
| Computation of price - | ||||
| Number of share = | 200 | |||
| Max loss = | 1500 | |||
| Increase in price per share = 1500/200 | 7.5 | |||
| Therefore stop loss price = 52+7.5 | 59.5 | |||
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